
Production Function
Quiz by Nandini Duggal
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14 questions
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- Q1Per unit production of the variable factor is callednone of thesemarginal productaverage producttotal product30s
- Q2In the context of long run production function, factor ratio isconstantvariable as well as constantvariablenone of these30s
- Q3Production capacity remains same inshort runlong runnone of thesemedium run30s
- Q4What is the shape of marginal product curve?Inverse s shapedInverse U shapedupward slopingU shaped30s
- Q5When total product is maximum then marginal product is ______.also maximumnegativezeropositive30s
- Q6Which of the following is not a reason for operation of increasing returns to factor?Indivisibility of fixed factorLimitation of fixed factorIncrease in efficiency of variable factorBetter utilization of fixed factor30s
- Q7Which one of the following leads to the law of variable proportions?Some factors are constantSpecialization of factorsAll factors are variableSome factors are more efficient than others30s
- Q8The second phase of Law of variable proportions is exhibited by the following total product sequence40, 80, 120, 16040, 80, 110, 12040,40,40,4040, 100, 170, 25030s
- Q9Average product cannot be negative because:Both a and bNeither a nor bTotal product can never be negativeTotal product can never be zero30s
- Q10
From the table, find out marginal product at 6 units of labour. (Write the number only)
Users enter free textType an Answer30s - Q11
From the table, find out the average product at 8 units of labour. (Write the number only)
Users enter free textType an Answer30s - Q12
From the table, identify the three stages of law of variable proportions. (Write the units of labour till the first stage, second stage, third stage)
Users enter free textType an Answer30s - Q13
When average product is maximum, marginal product is ___________ average product.
Greater than
Less than
Equal to
30s - Q14
Total Product increases only when Marginal Product increases.
falsetrueTrue or False30s